Huaming Equipment provides a guarantee of 50 million RMB to its wholly-owned subsidiary Shanghai Huaming.

On September 26, 2025, Huaming Electric Power Equipment Co., Ltd. signed a "Guarantee Contract" with the Shanghai Branch of Nanjing Bank, providing joint liability guarantee for the 50 million yuan loan and corresponding interest and other debts of its wholly-owned subsidiary Shanghai Huaming Electric Power Equipment Manufacturing Co., Ltd. Before this guarantee, the company's guarantee balance for Shanghai Huaming was 913 million yuan. After the guarantee, it was 963 million yuan, within the authorized limit of 1.3 billion yuan. Shanghai Huaming was established in 1995, is a 100% owned subsidiary of the company, with an asset-liability ratio of 53.60%, and is not a discredited person. As of the date of the announcement, the guaranteed amount of the company and its subsidiaries was 2,032.50 million yuan, the actual guarantee amount was 450.02 million yuan, and there were no overdue or other bad situations.